COM 1060.005 2020-2022 - Laserfiche WebLink

Home

expenditure permitted under this Plan. 9.1 ASSESSMENTS 9.1.1 Annual Levy Except when funds are otherwise available and except to the extent exempted by law or this District Plan, a special assessment sufficient to pay for the costs of the supplemental services and incidental expenses will be annually levied against each parcel of land in the District. Such assessments shall be called the "Assessments." 9.1.2 Rate and Method The rate and method of apportionment pursuant to which the first year's special assessment is to be levied, is as follows: Commercial parcels of land within Zones 1, 2 and 3, will be assessed the rate of$1.50 for every$1,000 of"Total Net Taxable Value" of each parcel of land, as indicated on the County of Hawai'i Real Property Tax Assessment list prepared for the tax year corresponding with the applicable tax year, except for the first assessment year which will be assessed on a pro-rata basis from the date of the District's establishment. "Total Net Taxable Value" means the total assessed value of a parcel of land assessed by the real property tax office of Hawaii County, including the assessed value of any improvements on that parcel of land, less applicable exemptions. 9.1.3 Subsequent Years The Assessments for subsequent fiscal years shall be made in accordance with the Section 35- 21 of the Hawaii County Code. 9.1.4 Exemptions The following parcels shall be exempt from paying assessments: • Parcels of land owned by the United States,the State of Hawai'i and the County of Hawai'i; provided, however, that property and leases of government property subject to real property taxation under Sections 19- 84, 19-85 and 19-86 of the Hawai'i County Code shall be assessed under this District Plan; • All residential parcels within the District, as well as parcels with active homeowner or affordable rental exemptions on file with the County. 9.1.5 Notice of Assessment The County, through its Department of Finance, will notify landowners within the District of the Assessment in accordance with Section 35-25 of the Hawaii County Code. After the first fiscal year's notice of Assessment, notices of Assessment will be given annually as of a date to be 8